American Stock Exchange Lists Common Stock of VAALCO

The American Stock Exchange (Amex) today listed the common stock of VAALCO Energy Group, Inc. under the ticker symbol EGY.

VAALCO Energy, Inc. is a Houston-based independent energy company principally engaged in the acquisition, exploration, development and production of crude oil and natural gas. VAALCO focuses its efforts on international properties, where its strategy is to pursue selected opportunities that are characterized by reasonable entry costs, favorable economic terms, high reserve potential relative to capital expenditures and the availability of existing technical data that may be further developed using current technology. The Company's properties and exploration activities are located offshore Gabon, West Africa where the Company operates the Etame field.

"We are pleased to welcome VAALCO Energy to the substantial number of energy companies listed on the American Stock Exchange," said John McGonegal, senior vice president of the Amex Equities Group. "We look forward to working with them in building increased investor awareness and visibility within the investment community."

Robert Gerry, Chief Executive Officer of VAALCO stated, "We view the Amex listing as an important step forward towards increasing VAALCO's exposure to the investment community, and to enhance the liquidity of VAALCO's stock for the benefit of our stockholders."

The specialist in VAALCO Energy, Inc. will be Kellogg Capital Group.